v3.26.3
Borrowings - Narrative (Details)
R in Millions
 12 Months Ended
Jun. 30, 2029
Basis_points
MW
Jun. 30, 2028
Basis_points
MW
Jun. 30, 2027
Basis_points
MW
Jun. 30, 2026
ZAR (R)
Ratio
Jun. 30, 2025
ZAR (R)
Ratio
Disclosure of detailed information about borrowings [line items]          
Minimum interest cover ratio       5  
Maximum leverage ratio       2.5  
Borrowings, Restrictive Covenants, Minimum Interest Cover Ratio Actual | Ratio       49.7 97.3
Borrowings, Restrictive Covenants, Maximum Leverage Ratio Actual | Ratio       (0.02) 0.4
Disclosure Of Maturities Of Borrowings (Refinancing of Facilities), Explanatory       Refinancing of facilities
On 25 June 2026 Harmony concluded on the new syndicated multi-tranche, multi-currency loan facilities which will be used, in part,
to refinance the existing US$ and Rand syndicated facilities entered into in 2022, the MAC Copper acquisition bridge facility, and to
support general corporate purposes. The facilities were undrawn at 30 June 2026. Refer to note 39 for events after the reporting
date.
The terms of the new facilities are summarised as follows:
Commenced
Tenor
(years)
Matures
Secured
Security
Interest
payment
basis
Interest
charge
Repayment
term
US$500 million revolving credit
facility
June 2026
Three years
June 2029
(a)
No
Unsecured
Variable
SOFR
+ 2.20%
On maturity
A$500 million facility
June 2026
Three years
June 2029
(a)
No
Unsecured
Variable
On maturity
– A$250 million revolving credit
facility
BBSY (b)
+ 2.20%
– A$250 million term facility
BBSY (b)
+ 2.50%
R4.0 billion revolving credit
facility
June 2026
Three years
June 2029
(a)
No
Unsecured
Variable
ZARONIA
+ 2.00%
On maturity
R3.0 billion facility (green term
loan) (c)
June 2026
Six years,
six months
December
2032
No
Unsecured
Variable
ZARONIA
+ 2.20%
Bi-annual
(d)
(a)Two additional 12-month extension options are available and are not taken into account.
(b)Bank Bill Swap Bid Rate.
(c)This facility can only be drawn down for qualifying projects.
(d)The initial repayment is deferred for 24 months, followed by bi-annual repayments.
The US$ and Rand RCFs as well as the A$ facilities are linked to certain sustainability-linked key performance indicators (ESG
KPIs), which will be measured annually for the next three financial years and will result in changes to interest rate margins. The
adjustments to interest rate margins for each financial year's ESG performance would impact the following financial year. The
respective ESG KPIs are as follows:
KPI
Unit of Measurement
Scope
Sustainability performance targets
FY27
FY28
FY29
Renewable energy
Cumulative installed renewable
electricity capacity (MW).
All operations
130
330
665
Water consumption
Cumulative % reduction in potable
water consumption.
All operations (excluding
Eva Copper Project)
8%
10%
12%
Mine community
development spend
Additional % annual expenditure
on committed mine community
development initiatives.
SA operations
10%
10%
10%
Depending on Harmony's performance in relation to these ESG KPIs, the potential change in interest rate margin is as follows:
Benefit/penalty for each financial year (basis points)
FY27
FY28
FY29
KPI
Renewable energy
2
2
2
Water consumption
2
2
2
Mine community development spend
1
1
1
Origination fees of R230 million were incurred for the facilities. These fees are regarded as an integral part of the effective interest
rate of the facilities. Since no drawdowns on the facilities have taken place as at 30 June 2026, though still being regarded as
probable in the future, these origination fees have been deferred and will be treated as a transaction cost when a draw-down of the
facilities takes place.
  
Mponeng | Contingent consideration liability | Fair value model [member]          
Disclosure of detailed information about borrowings [line items]          
Sensitivity analysis for types of fair value risk, reasonably Decrease in risk variable, Impact on Pre-Tax Earnings | R       R (157) R (319)
MAC Copper | Leave liability          
Disclosure of detailed information about borrowings [line items]          
Trade and other payables recognised as of acquisition date | R       R 174  
US$ RCF, Rand RCF          
Disclosure of detailed information about borrowings [line items]          
Key Performance Indicators - Water Percentage 2 2 2    
Key Performance Indicators - Mine Community Development Percentage 1 1 1    
Key Performance Indicators - Renewable Energy | MW 665 330 130    
Key Performance Indicators - Water Consumption 12.00% 10.00% 8.00%    
Key Performance Indicators - Mine Community Development Spend 10.00% 10.00% 10.00%    
Key Performance Indicators Renewables Percentage 2 2 2